Royal Bank Of Canada Cuts PPG Industries (NYSE:PPG) Price Target to $122.00

PPG Industries (NYSE:PPG) had its target price cut by Royal Bank Of Canada from $129.00 to $122.00 in a research report released on Thursday morning,Benzinga reports. They currently have a sector perform rating on the specialty chemicals company’s stock.

Several other brokerages also recently issued reports on PPG. BMO Capital Markets cut their target price on shares of PPG Industries from $140.00 to $138.00 and set an “outperform” rating on the stock in a research note on Monday, July 6th. Wall Street Zen raised PPG Industries from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. The Goldman Sachs Group lowered their price target on PPG Industries from $134.00 to $130.00 in a report on Friday, May 1st. Mizuho upped their price target on PPG Industries from $125.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company reduced their price objective on PPG Industries from $135.00 to $130.00 and set an “overweight” rating for the company in a research note on Friday, April 10th. Seven research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, PPG Industries has an average rating of “Hold” and a consensus price target of $126.00.

PPG Industries Stock Performance

Shares of PPG opened at $110.64 on Thursday. The company has a 50-day moving average of $116.74 and a two-hundred day moving average of $113.61. The stock has a market cap of $24.60 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.63 and a beta of 1.05. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.17. PPG Industries has a one year low of $93.39 and a one year high of $133.43.

PPG Industries (NYSE:PPG) last released its quarterly earnings results on Tuesday, July 28th. The specialty chemicals company reported $2.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.02). The firm had revenue of $4.50 billion for the quarter, compared to analyst estimates of $4.37 billion. PPG Industries had a net margin of 9.57% and a return on equity of 21.07%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 EPS. PPG Industries has set its FY 2026 guidance at 7.700-8.100 EPS. On average, equities research analysts expect that PPG Industries will post 7.9 earnings per share for the current year.

PPG Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Monday, August 10th will be issued a dividend of $0.74 per share. The ex-dividend date is Monday, August 10th. This represents a $2.96 annualized dividend and a dividend yield of 2.7%. This is an increase from PPG Industries’s previous quarterly dividend of $0.71. PPG Industries’s dividend payout ratio is presently 40.69%.

Institutional Trading of PPG Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Nvest Wealth Strategies Inc. acquired a new stake in PPG Industries in the fourth quarter valued at approximately $505,000. Cooke & Bieler LP raised its holdings in shares of PPG Industries by 16.7% during the 4th quarter. Cooke & Bieler LP now owns 1,616,672 shares of the specialty chemicals company’s stock valued at $165,644,000 after purchasing an additional 231,537 shares in the last quarter. Equity Investment Corp lifted its stake in shares of PPG Industries by 3.4% in the 4th quarter. Equity Investment Corp now owns 995,323 shares of the specialty chemicals company’s stock valued at $101,981,000 after purchasing an additional 32,337 shares during the last quarter. Entropy Technologies LP boosted its holdings in PPG Industries by 80.2% in the fourth quarter. Entropy Technologies LP now owns 61,784 shares of the specialty chemicals company’s stock worth $6,330,000 after purchasing an additional 27,493 shares in the last quarter. Finally, North Dakota State Investment Board acquired a new position in PPG Industries during the fourth quarter worth $1,393,000. 81.86% of the stock is currently owned by hedge funds and other institutional investors.

PPG Industries News Summary

Here are the key news stories impacting PPG Industries this week:

• Positive Sentiment: PPG’s reaffirmed 2026 earnings guidance and planned share repurchases could support per-share earnings and suggest management remains confident in its outlook. One analysis estimates the stock may be about 11% undervalued. PPG Industries could be 11% undervalued
• Positive Sentiment: PPG continues to attract attention as a dividend stock, offering income support that may appeal to long-term investors while the share price remains below its prior-year high. Why PPG is a great dividend stock
• Neutral Sentiment: Citigroup cut its PPG price target to $121 from $125 while maintaining a neutral rating. UBS lowered its target to $125 from $130 and also kept a neutral rating, while RBC reduced its target to $122 from $129 with a sector-perform rating. The revised targets still imply upside from the current share level, but the cuts signal more cautious near-term expectations. Citigroup lowers PPG price target
• Negative Sentiment: Recent coverage highlights a critical test for PPG’s coatings demand and margins. Investors are watching whether the company can convert revenue growth into stronger profitability amid potentially difficult market conditions. PPG faces a crucial coatings test PPG faces a critical margin test

PPG Industries Company Profile

PPG Industries is a global supplier of paints, coatings and specialty materials that serves industrial, transportation, consumer and construction markets. Founded in 1883 as the Pittsburgh Plate Glass Company, PPG has evolved from its origins in glass manufacturing into a diversified coatings and materials company headquartered in Pittsburgh, Pennsylvania. The company develops and manufactures a broad array of products used to protect and enhance surfaces, from consumer paints to highly engineered coatings for demanding industrial applications.

PPG’s product portfolio includes architectural and decorative paints, automotive original equipment and refinish coatings, industrial coatings for machinery and equipment, protective and marine coatings, aerospace and defense coatings, and packaging coatings and materials.